Financial Literacy

Take FINRA's 6-question financial literacy quiz to check your knowledge about the financial basics of interest, borrowing and investing. How did you do? Contact us if you have any questions about why understanding these concepts can be critical to improving your financial well-being. 

Are you ready for step 4 for improving your financial well-belng (investing for long-term goals)? Check your knowledge of investing fundamentals with this 15-question quiz, also from FINRA (Financial Industry Regulatory Authority). 

The 6 Worst Mistakes People Make before Retirement →

From Thayer Partners, LLC:

6 Believing Social Security is enough

5 Failing to plan

4 Thinking you won't get sick

3 Paying high investment fees

2 Thinking you know how you want to live (and not being flexible)

1 Not saving

Avoid these mistakes and take action to improve your financial well-being

Savings Goals

Steven Rattner's NY Times Op-Ed piece, "Pension Holders Need a New Retirement Plan, Not Stock Tips" has some good rules of thumb for retirement saving, including:

• Try to save as much as possible of your income, ideally 10 percent to 15 percent.
• Use only low-cost index mutual funds rather than individual stocks or actively managed funds
• If you have a good 401(k) plan and you change jobs, either leave it where it is or move it to your new employer; I.R.A.s should be your last choice. They often come with higher fees.
• Don’t cash out early.